Press Statement on Imperial Bank

Nairobi October 13, 2015…The Capital Markets Authority grants approvals based on the information made available at the time of consideration and subject to the undertakings from the Directors of the Issuer and their Professional Advisors that the disclosures in the Information Memorandum ‎are complete, provide all the information that investors require to make an informed decision and are not misleading.

Where information arises following the grant of such approval, the Authority is vested with powers to take appropriate action and to give such directions as it deems fit in the public interest and to protect investor interests.

The Authority will work with the Kenya Deposit Insurance Corporation, the directors of Imperial Bank and the Central Bank of Kenya to identify the most appropriate resolution options with respect to the Corporate Bond issued by Imperial Bank in the interests of investors and other relevant stakeholders.

The Bond will in the interim remain unlisted at the Nairobi Securities Exchange until further notice.